Tesla‘s 2 Year Lease Makes Model S Very Affordable

Posted by: Xavier Kwan onAugust 23rd, 2016

Tesla’s goal is to bring EV technology to the mass population. They furthered this mission by introducing a new two year lease program for the Model S and the Model X which makes both vehicles more affordable to broaden their customer base.

With the new lease plan in place, buyers can have the Model S for as low as $593 a month, while the Model X will start at $730 a month. But the old saying “no good thing comes for free” is the case here. Buyers are restricted to the base Model S 60 or Model X 60D and they are required to pay a down payment of $6000, pay a $695 acquisition fee, and also put down one month’s lease payment up front. So even though the monthly payments is more affordable, buyers will have to fork out over $7000 right off the bat.

Once you own the car, you will be limited to only driving 10,000 miles per year. However, you can purchase extended mileage for the vehicle in options of 12,000- or 15,000-miles. If you want to take advantage of the deal, you have until September 12 to do so.